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Banque Nagelmackers, a private bank and wealth manager located in Belgium, is introducing a new private client asset management platform from wealthtech provider Objectway for its advising, discretionary, and execution-only services.
The solution, which is based on Objectway Suite (a front-end platform for client servicing and portfolio management), “will assist Nagelmackers in accelerating its digital transformation by combining physical and digital channels in their branches,” according to the vendor.
It will replace many old systems at Nagelmackers and be hosted on a private cloud.
The bank chose Objectway following a competitive bidding process. According to Objectway, “important criteria in the decision-making process were the capacity to deliver a solution suitable with local legislation, the comprehensive coverage of all needed business demands, and the simplicity of integrating the bank’s historical systems.”
The solution fits the bank’s “strong operational, business, and digital aspirations,” according to the chief commercial officer of Nagelmackers, Yves Van Laecke.
The oldest Belgian bank, Nagelmackers, is commemorating its 275th anniversary this year.
It claims, “Because we favor a human approach, personal follow-up by a dependable and seasoned advisor stays at the core of our services.” However, Nagelmackers is also a bank with a focus on the future and comprehensive digital services.
Objectway is a global provider of software and services for wealth, banking, and asset management, with headquarters in Milan, Italy and operations in the United Kingdom, Ireland, Belgium, Germany, Switzerland, France, Canada, and the United Arab Emirates. Having developed mostly via acquisitions over the years, it now employs more than 800 people, claims €100 million in consolidated sales, and serves more than 200 customers, including banks, wealth and asset managers, and insurance companies.